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Banks sell down $5.5 bln of Musk's X debt
Banks sell down $5.5 bln of Musk's X debt to investors - source
Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal.
Banks Sell $5.5 Billion of X Loans After Investor Interest Surges
Banks wrapped up the sale of $5.5 billion in debt backed by Musk’s social-media company on Wednesday, people familiar with the matter said. The banks had originally planned to sell around $3 billion at around 95 cents on the dollar,
Wall Street banks sell $5.5B of X loans as investors bet big on Elon Musk: report
Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site formerly known as Twitter.
Banks sell down $7.5 billion of Musk’s X debt to investors: Source
The deal was said to be offered to a small group of investors by the bank consortium that also included Bank of America. Read more at straitstimes.com.
Trump falsely claims Canada prohibits US banks
Fact check: Trump falsely claims Canada prohibits US banks
President Donald Trump put a month-long pause on his planned tariffs on Canadian imports. Earlier in the day, though, he added two new items to his long list of inaccurate complaints about Canada.
Trump falsely says U.S. banks aren't allowed to do business in Canada. What does he mean?
U.S. President Donald Trump falsely claimed on Monday that U.S. banks are not allowed to operate in Canada, suggesting that he has yet another bone to pick as a trade dispute unfolds between the two countries.
Trump's Claim That US Banks Can't Operate In Canada Called False
A group that represents bankers in Canada says claims by President Donald Trump that U.S. banks can't operate north of the border is false. Trump posted on his Truth Social account on Monday that, "Canada doesn't even allow U.
8h
America’s Best Banks 2025: Small Banks Shine Amid Wall Street’s Behemoths
From North Carolina to Alaska, the top 10 banks on Forbes’ ranking of 100 publicly traded banks are all relatively tiny ...
1h
on MSN
Banks Want to Crash the Bitcoin Party. Trump Is Opening the Door.
The last time crypto collapsed, regulators celebrated that the country’s biggest banks had few ties to Bitcoin and other ...
6h
on MSN
US Senate panel investigates whether banks, regulators deny services on political grounds
U.S. banks and their regulators were scrutinized on Wednesday by lawmakers as they examined claims that they deny services to ...
5h
on MSN
Elizabeth Warren Agrees With Trump: Big Banks Discriminate
The progressive senator from Massachusetts said banks have been shutting down too many accounts without explanation.
American Banker
2h
Make it easier to start new banks, lawmakers urge
Congressional representatives push to ease regulatory hurdles for de novo banks, citing barriers to entry for small lenders.
10h
South Africa Banks Seek New Scorecard on Apartheid-Redress Plans
A South African banking-lobby group wants the government to complete a review of a charter created to address inequalities ...
eVnExpress on MSN
20h
Air Busan to disallow power banks in overhead bins after plane fire
South Korea's Air Busan will not allow passengers to keep power banks in luggage stored in overhead cabin bins, in what on ...
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